“Global Badaam Snack Market to reach a market value of 4.4 Billion by 2031 growing at a CAGR of 4.5%”
The Global Badaam (Almond with Shell) Snack Market size is expected to reach $4.4 billion by 2031, rising at a market growth of 4.5% CAGR during the forecast period.
Busy lifestyles and the prevalence of snacking culture in North America drive demand for convenient, on-the-go snack options. These snacks, which are easy to carry and consume, cater to this need perfectly. Consequently, the North American region would acquire nearly 28% of the total market share by 2031.
As individuals become more health-conscious, they increasingly seek snacks that align with their wellness goals. Furthermore, with an increasing focus on maintaining a balanced diet, consumers are more inclined to incorporate snacks that contribute positively to their nutritional intake. Furthermore, with an increasing focus on maintaining a balanced diet, consumers are more inclined to incorporate snacks that contribute positively to their nutritional intake.
Additionally, Global culinary trends have increased interest in international and exotic flavors. Almonds are versatile in various cuisines worldwide, from Mediterranean dishes to Asian desserts. In addition, the global shift towards plant-based diets and vegetarianism has boosted the demand for plant-based protein sources. Thus, the influence of global culinary trends is propelling the market's growth.
However, Fluctuations in almond prices directly affect the cost of production for badaam (almond with shell) snacks. When almond prices rise due to factors such as poor harvests, increased demand, or supply chain disruptions, manufacturers face higher costs for raw materials. Thus, fluctuations in almond prices are hampering the growth of the market.
On the basis of distribution channel, the badaam snack market is segmented into supermarkets & hypermarkets, franchised stores, online stores, and others. In 2023, the online stores segment attained 23% revenue share in the badaam snack market. It is highly appealing for individuals who are occupied, have mobility issues, or reside in areas with limited access to physical stores to have badaam (almond with shell) snacks delivered directly to their doorstep.
Based on product type, the badaam snack market is divided into roasted, spicy, salted, and others. The salted segment witnessed 28% revenue share in the badaam snack market in 2023. Salted almonds are a convenient, ready-to-eat snack that requires no additional preparation. This convenience appeals to busy individuals looking for quick, healthy snack options.
Free Valuable Insights: Global Badaam Snack Market size to reach USD 4.4 Billion by 2031
Region-wise, the badaam snack market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region witnessed a 37% revenue share in the badaam snack market in 2023. Almonds have become integral to various traditional and modern cuisines in the Asia-Pacific region. They are used in various dishes, desserts, and snacks, further driving demand.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 3.1 Billion |
| Market size forecast in 2031 | USD 4.4 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 4.5% from 2024 to 2031 |
| Number of Pages | 206 |
| Tables | 278 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Product Type, Distribution Channel, Region |
| Country scope |
|
| Companies Included | Food Studio, Blue Diamond Growers, The Wonderful Company LLC, General Mills, Inc., Kraft Heinz, PepsiCo, Inc., Terrasoul Superfoods and The Almond Farmer |
By Product Type
By Distribution Channel
By Geography
This Market size is expected to reach $4.4 billion by 2031.
Increasing health and wellness awareness are driving the Market in coming years, however, Fluctuations in almond (with shell) prices restraints the growth of the Market.
Food Studio, Blue Diamond Growers, The Wonderful Company LLC, General Mills, Inc., Kraft Heinz, PepsiCo, Inc., Terrasoul Superfoods and The Almond Farmer
The expected CAGR of this Market is 4.5% from 2024 to 2031.
The Roasted segment led the Market by Product Type in 2023; thereby, achieving a market value of $1.6 Billion by 2031.
The Asia Pacific region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.6 Billion by 2031.
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 